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Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Loss Per Share

Basic and diluted net loss per share was calculated as follows (in thousands, except share and per share data):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(22,563

)

 

$

(16,156

)

Denominator:

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

24,225,954

 

 

 

23,974,642

 

Net loss per share, basic and diluted

 

$

(0.93

)

 

$

(0.67

)

Summary of Potential Common Shares Excluded from Computation of Diluted Net Loss per Share The Company excluded the following potential common shares from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Options to purchase common stock

 

 

5,144,308

 

 

 

4,085,851

 

Common stock issuable upon conversion of Loan Agreement

 

 

2,160,918

 

 

 

-

 

Unvested restricted common stock

 

 

-

 

 

 

29,219

 

Total

 

 

7,305,226

 

 

 

4,115,070